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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: John McCarthy who wrote (106511)1/15/2010 3:57:13 PM
From: Perspective2 Recommendations  Read Replies (2) of 116555
 
<The fees are "not a cost-based calculation, but a value-based calculation," Elizabeth Buse, Visa's global head of product, told The Times. >

I hate hearing that crap. If there is truly a competitive marketplace, then pricing always converges toward costs. It's only when there are monopolies that pricing becomes "value-based".

BC
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